Cement executive Iqbal Omar moved to the DRC in 2020 to lead the operations of the country’s second-largest cement producer, PPC Barnet DRC, a subsidiary of PPC, listed on the Johannesburg Stock Exchange. Large construction projects in the pipelineAccording to data shared by PPC Barnet, projects using around 108,000 tonnes of cement are expected to be commissioned in 2021. Eager and educated young workforceOmar joined PPC Barnet in March 2020 after almost two decades at international construction material manufacturer LafargeHolcim. PPC Barnet, for example, is waiting to hear whether its tax exemption from VAT – which it has enjoyed since 2017 – will be reinstated under the new regime. Cement companies such as PPC Barnet has over 60 different taxes it must pay and the payment frequency ranges from monthly to annual.

Source: The North Africa Journal May 14, 2021 13:07 UTC